Report from ICA Gruppen’s 2014 Annual General Meeting

ICA Gruppen’s 2014 Annual General Meeting was held on Friday, 11 April at
Friends Arena in Solna. Approximately 350 shareholders and guests participated
in the Meeting, which was chaired by the Chairman of the Board Claes-Göran
Sylvén.
ICA Gruppen’s Annual General Meeting approved the proposed dividend of SEK 8.00
per ordinary share for the 2013 financial year. 16 April 2014 was set as the
record date for receiving a dividend. Dividends are expected to be paid by
Euroclear Sweden AB on Wednesday, 23 April 2014.

The Annual General Meeting resolved on re-election of Board members Peter
Berlin, Göran Blomberg, Cecilia Daun Wennborg, Andrea Gisle Joosen, Fredrik
Hägglund, Bengt Kjell, Magnus Moberg, Jan Olofsson, Claes-Göran Sylvén and
Margot Wallström for the period until the next Annual General Meeting has been
held, which meant that all ten members of the Board were re-elected. Claes-Göran
Sylvén was re-elected as the Chairman of the Board.

The Meeting resolved that total fees to the Board amount to SEK 3,780,000, with
SEK 900,000 to be paid to the Chairman of the Board and SEK 320,000 to each of
the other members elected by the Meeting. It was further resolved that SEK
900,000 be allocated for committee work. Fees to auditors to be paid in
accordance with approved invoices.

Registered accounting firm Ernst & Young AB was re-elected as auditor with Tomas
Forslund as Senior Auditor. The Annual General Meeting resolved to accept the
income statement and balance sheet for the parent company and for the Group and
granted discharge from liability for ICA Gruppen’s Board members and the CEO for
the 2013 financial year.

The Annual General Meeting resolved on principles for remuneration and other
employment terms for senior executives, which essentially correspond to the
principles adopted at the 2013 Annual General Meeting. Remuneration shall
comprise basic salary, pension and two variable remuneration schemes in the form
of a cash bonus, one of which runs for one year and the other for three years.
Senior executives are expected to invest annually in shares in ICA Gruppen
corresponding to 5-10%of their gross salary. After 12 months senior executives
are entitled under certain conditions to receive a net amount corresponding to
half of the amount invested.

A recorded version of CEO Per Strömberg’s address to the Annual General Meeting
is available at www.icagruppen.se/arsstamma-2014.

ICA Gruppen AB discloses the information provided herein pursuant to the Swedish
Securities Market Act and/or the Swedish Financial Instruments Trading Act. The
information was submitted for publication at 13.00 CET on Friday, 11 April 2014.

For more information

ICA Gruppen press service, telephone: +46 702 53 66 60
ICA Gruppen AB (publ) is one of the Nordic region’s leading retail companies,
with around 2,400 of its own and retailer-owned stores in Sweden, Norway and the
three Baltic states. The Group includes the retail companies ICA Sweden, ICA
Norway and Rimi Baltic, ICA Real Estate, which owns and manages properties, and
ICA Bank, which offers financial services to Swedish customers. The Group also
includes the wholly owned portfolio companies Forma Publishing Group and
inkClub, and the partly owned portfolio companies Cervera, Hemtex and Kjell &
Company. For more information see www.icagruppen.se